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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David - 2005
inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …
Persistent link: https://www.econbiz.de/10012467653
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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Christiano, Lawrence J. - 2001
inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after …
Persistent link: https://www.econbiz.de/10012470317
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Why Are Rates of Inflation So Low After Large Devaluations?
Burstein, Ariel - 2002
This paper studies the behavior of inflation after nine large post-1990 contractionary devaluations. A salient feature … of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and …
Persistent link: https://www.econbiz.de/10012469967
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On the Fiscal Implications of Twin Crises
Burnside, Craig - 2001
inflation and depreciation rates. We use a first-generation type model of speculative attacks which has four key features: (i … the crises; (iii) a portion of the government's liabilities are not indexed to inflation; and (iv) there are nontradable … account for the high rates of devaluation and moderate rates of inflation often observed in the wake of currency crises. We …
Persistent link: https://www.econbiz.de/10012470447
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Sticky Price and Limited Participation Models of Money : A Comparison
Christiano, Lawrence J. - 1996
This paper provides new evidence that models of the monetary transmission mechanism should be consistent with at least the following facts. In response to a contractionary monetary policy shock, the aggregate price level responds very little, aggregate output falls, interest rates initially...
Persistent link: https://www.econbiz.de/10012473029
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Monetary Policy Shocks : What Have We Learned and to What End?
Christiano, Lawrence J. - 1998
This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models...
Persistent link: https://www.econbiz.de/10012472408
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Insurance Expansions and Children’s Use of Substance Use Disorder Treatment
Hamersma, Sarah - 2018
This study provides the first evidence on the effects of U.S. state-level private and public insurance expansions on specialty substance use disorder (SUD) treatment use among children ages 12 to 18. We examine both private and public expansions over the period 1996 to 2010. Public insurance...
Persistent link: https://www.econbiz.de/10012453217
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The Effect of Public Insurance Expansions on Substance Use Disorder Treatment : Evidence from the Affordable Care Act
Maclean, Johanna Catherine - 2017
We examine Medicaid expansion under the Affordable Care Act (ACA) on substance use disorder (SUD) treatment utilization and financing. We couple administrative data on admissions to specialty SUD treatment and prescriptions for medications used to treat SUDs with a differences-in-differences...
Persistent link: https://www.econbiz.de/10012455339
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The Impact of Increased Cost-sharing on Utilization of Low Value Services : Evidence from the State of Oregon
Gruber, Jonathan - 2016
In this study we examine the impact of a value-based insurance design (V-BID) program implemented between 2010 and 2013 at a large public employer in the state of Oregon. The program substantially increased cost-sharing, specifically copayments and coinsurance, for several healthcare services...
Persistent link: https://www.econbiz.de/10012455805
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Intended and Unintended Effects of E-cigarette Taxes on Youth Tobacco Use
Abouk, Rahi; Courtemanche, Charles; Dave, Dhaval; Feng, Bo - National Bureau of Economic Research - 2021
Over the past decade, rising youth use of e-cigarettes and other electronic nicotine delivery systems (ENDS) has prompted aggressive regulation by state and local governments. Between 2010 and 2019, ten states and two large counties adopted ENDS taxes. Applying a continuous treatment...
Persistent link: https://www.econbiz.de/10012629436